The Rashi Peripherals IPO started on February 7, 2024, and ended on February 9, 2024. Shares were allocated on February 12, 2024, and refund processes began on February 13, 2024. On February 13, 2024, the shares were credited to investors demat accounts. Rashi Peripherals was officially listed on the stock exchange on February 14, 2024.
During the IPO, Rashi Peripherals offered shares at a price range of ₹295 to ₹311 per share, and the lot size was 48 shares. The total issue size was ₹600.00 crores, with ₹600.00 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 30% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Rashi Peripherals IPO Subscription Update Video
Rashi Peripherals IPO Subscription Status
The Rashi Peripherals IPO on February 9, 2024 was subscribed 62.95 times, with the retail category being subscribed 11.01 times, the NII (Non-Institutional Investor) category being subscribed 66.15 times, the QIB (Qualified-Institutional Buyers) category being subscribed 151.45 times.
| Category | Subscription |
| QIB | 151.45x |
| NII | 66.15x |
| Retail | 11.01x |
| Total | 62.95x |
Rashi Peripherals IPO Basic Details
| Company Name | Rashi Peripherals Limited |
| Rashi Peripherals IPO Open Date | February 7, 2024 |
| Rashi Peripherals IPO Close Date | February 9, 2024 |
| Rashi Peripherals IPO Allotment Date | February 12, 2024 |
| Rashi Peripherals IPO Listing Date | February 14, 2024 |
| Face Value | ₹5 per share |
| Price | ₹295 to ₹311 per share |
| Lot Size | 48 Shares |
| Issue Size | 19,292,604 shares of ₹5 (aggregating up to ₹600.00 Cr) |
| Fresh Issue | 19,292,604 shares of ₹5 (aggregating up to ₹600.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Krishna Kumar Choudhary, Sureshkumar Pansari, Kapal Suresh Pansari, Keshav Krishna Kumar Choudhary, Chaman Pansari, Krishna Kumar Choudhary (HUF), and Suresh M Pansari HUF |
About Rashi Peripherals Limited
Established in 1989, Rashi Peripherals Limited is a company that brings cutting-edge global technology brands to India. Specializing in Information and Communication Technology (ICT) products, Rashi Peripherals offers a range of services, including pre-sales support, technical assistance, marketing services, credit solutions, and warranty management.
The company operates in two main business areas:
- Personal Computing, Enterprise, and Cloud Solutions (PES): This encompasses personal computing devices, enterprise solutions, embedded designs/products, and cloud computing.
- Lifestyle and IT Essentials (LIT): This involves distributing a variety of products, including components like graphics cards, CPUs, and motherboards; storage and memory devices; lifestyle peripherals such as keyboards, mice, webcams, monitors, wearables, casting devices, fitness trackers, and gaming accessories; power devices like UPS and inverters; and networking and mobility devices.
Rashi Peripherals’ clientele includes prominent names like ASUS Global Pte. Ltd., Dell International Services India Private Limited, HP India Sales Private Limited, Lenovo India Private Limited, Logitech Asia Pacific Limited, NVIDIA Corporation, Intel Americas, Inc., and many others.
As of September 30, 2023, Rashi Peripherals stands as the national distributor for 52 global technology brands, boasting an extensive network with 50 branches and 63 warehouses across India. The company collaborates with 8,657 distributors spread across 680 locations in 28 States and Union Territories in India.
By the end of September 30, 2023, the company employed a total of 1,433 individuals, with 549 dedicated to the sales and marketing team and 64 in the technical support team.
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Rashi Peripherals IPO FAQs
What is the start and end date of Rashi Peripherals IPO Subscription?
The Rashi Peripherals IPO started on February 7, 2024, and ended on February 9, 2024.
When does Rashi Peripherals IPO Subscription open?
The Rashi Peripherals IPO open on February 7, 2024.
When does Rashi Peripherals IPO Subscription close?
The Rashi Peripherals IPO Close on February 9, 2024.
What is the allotment date of Rashi Peripherals IPO?
The allotment date for Rashi Peripherals IPO is February 12, 2024.
When is the initial refund date of Rashi Peripherals IPO?
The initial Refund date for Rashi Peripherals IPO is February 13, 2024.
When were the shares credited to investors demat accounts for the Rashi Peripherals IPO?
The shares for the Rashi Peripherals IPO were credited to investors demat accounts on February 13, 2024.
When will Rashi Peripherals IPO be listed on the stock market?
Rashi Peripherals IPO stock market will be listed on February 14, 2024 at 10 am.
What was the price range of the Rashi Peripherals IPO shares?
The Rashi Peripherals IPO shares were offered at a price range of ₹295 to ₹311 per share.
What was the lot size for the Rashi Peripherals IPO shares?
The lot size for the Rashi Peripherals IPO shares was 48 shares.
What was the total issue size of the Rashi Peripherals IPO?
The total issue size of the Rashi Peripherals IPO was ₹600.00 crores.
How were the shares allocated among different types of investors for the Rashi Peripherals IPO?
30% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Rashi Peripherals IPO listed?
The Rashi Peripherals IPO was listed on both the NSE and BSE.
What is the Rashi Peripherals IPO Subscription Status?
Rashi Peripherals IPO is subscribed 62.95 Times.
